Thread regarding Citigroup Inc. / Citibank / Citi layoffs

SVP + Individual Contributors in High Cost Locations

What is the point of keeping SVP+ ICs in high cost locations while full teams are being laid off ?

What is their exact contribution?


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| 13 views | | 11 replies (last 7 hours ago) | Reply
Post ID: @OP+1kwhvt5rk

11 replies (most recent on top)

@b9+1kwhvt5rk Not to india but in my opinion some random SVP ICs who just fake numbers on reports and are personal assistants to Ds and MDs are just purely wasting company money. Same goes for clueless Ds and MDs who just take random fake reports from those SVPs and only contribute by “doing politics” while having a zero idea about the job or leadership… just desperately trying to save their own skin. Really hope it all comes crumbling down…

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Post ID: @bs+1kwhvt5rk

If we follow your line of thought all the high cost locations positions should be moved to India or Singapore.

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Post ID: @b9+1kwhvt5rk

@ac yes I mind sharing! I’m in this for myself.

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Post ID: @b0+1kwhvt5rk

Great question, as a NY C15 in my case the work I used to do is done by others now. The few remaining clients I'v known for years have mostly retired or left. Nobody seems to catch on as they keep me to answer dum questions and cut y'all. Really terrible, I know. I'm not leaving without my check. The Citi way.

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Post ID: @ae+1kwhvt5rk

@ab+1kwhvt5rk would you mind sharing?

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Post ID: @ac+1kwhvt5rk

My contributions are legion and I don’t need any dead weight direct reports slowing me down or asking me to help develop them.

Thanks for your attention to this matter!

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Post ID: @ab+1kwhvt5rk

@a5 amen

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Post ID: @a9+1kwhvt5rk

@a1 clueless directors and managing directors should also leave

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Post ID: @a8+1kwhvt5rk

London is full of ICs that could be based in lower cost locations. Especially when they have parts of their team in Belfast and Poland. It is something us low cost employees think everyday... what is the difference between the work I do and the work my colleague does in London. Absolutely nothing. I have the same stakeholders!

Oh wait, it is because the MDs and Ds need people to see how busy they are. 😂

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Post ID: @a6+1kwhvt5rk

They are the next round

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Post ID: @a5+1kwhvt5rk

We do the actual work and managing the team while c15 and 16s do f*ck all and are clueless

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Post ID: @a1+1kwhvt5rk

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